A highway is a design speed of 100The two-way multi-lane highway with more than kilometers is an important part of my country's transportation. It plays an important role in promoting economic and social development, improving people's living standards, and ensuring national security and unity. According to the 2022 issued by the Ministry of TransportStatistical Bulletin on the Development of the Transportation Industry in, as2022At the end of the year, the national highway operating mileage reached17.73Ten thousand kilometers, of which the national highway mileage11.9910,000 kilometers, accounting for nearly half of the world's total highway mileage.2022The national highway completed the turnover of goods in1.62trillion ton-kilometers, growth7.3%, complete passenger turnover4.07Trillions of person-kilometers, growth6.5%。

According to data from Champ Consulting Group，2023In the first half of the year, affected by the new coronary pneumonia epidemic, China's highway industry suffered a certain impact, but with the epidemic prevention and control and economic recovery in an orderly manner, the highway industry gradually returned to normal operations.2023In the first half of the year, the national highway completed the turnover of goods.0.86trillion ton-km, year-on-year growth8.1%, complete passenger turnover2.15Trillion person-kilometers, year-on-year growth7.8%. Expected2023Throughout the year, the national highway completed cargo turnover.1.75trillion ton-km, year-on-year growth8%, complete passenger turnover4.35Trillion person-kilometers, year-on-year growth7%。

Champ Consulting believesChina's highway industry in infrastructure construction, transportation service provision, investment and construction mode has the following characteristics:

(I) infrastructure construction. The level of highway infrastructure construction in China has been continuously improved, forming a national highway network with five vertical and seven horizontal as the framework and a provincial highway network with provincial capitals as the center. At the same time, China's highway infrastructure construction also presents regional differences and structural problems. From the perspective of regional differences, the density of expressways in the eastern region is higher, and the density of expressways in the western region is lower; from the perspective of structural problems, there are phenomena such as excessive construction, repeated construction, and inefficient utilization in some areas.

(II) transport service provision. The provision of highway transportation services in China mainly relies on the toll system, that is, tolls are charged according to the type of vehicle and mileage to compensate for the construction, operation and maintenance costs of highways. China's highway toll system has undergone many adjustments, the current implementation of the National Highway Toll Billing Standard.This standard is in2022Year1Month1The basic toll rates for different models and adjustment factors for different regions are set as of the date of implementation. There are also some problems in China's highway toll system, such as the non-uniform charging standard, the inconvenient charging method, and the unclear charging period.

(III) investment construction model. China's highway investment and construction mode mainly includes government investment, government and social capital cooperation (PPP), Franchising (BOT), etc. Among them, the government investment model refers to the government is responsible for the investment, construction, operation and maintenance of the highway, after collecting tolls into the government finance;PPPThe model refers to the cooperation between the government and social capital to jointly fund the construction of highways and share the risks and benefits in accordance with the agreement;BOTThe model means that the government authorizes social capital to build and operate highways, and social capital recovers investment and obtains profits by collecting tolls within the agreed period, which is handed over to the government after the expiration of the period. The choice of highway investment and construction mode in China is influenced by many factors, such as policy orientation, market demand, financial capacity, risk-taking and so on.

Champ Consulting believesChina's highway industry is also facing the following development opportunities in the future:

(I) policy support. The report of the 19th National Congress of the Communist Party of China put forward“Accelerating the Construction of Modern Comprehensive Transportation System”The Ministry of Transport has issued the Outline of Building a Strong Transportation Country, which clarifies the goal2035In the year, the vision of a modern integrated transportation system covering the whole area, safe and efficient, green and convenient, intelligent and advanced was basically formed. These policies provide the development direction and strategic support for China's highway industry.

(II) scientific and technological innovation. With the rapid development and wide application of information technology, intelligent technology and new energy technology, China's highway industry is also constantly exploring the path and method of scientific and technological innovation. For example, the use of big data, cloud computing, Internet of things and other technologies to improve the management level and service quality of expressways; the use of artificial intelligence, driverless, vehicle networking and other technologies to improve the safety and efficiency of expressways; the use of new energy vehicles, charging piles, intelligent network connection and other technologies to improve the energy conservation and environmental protection of expressways.

(III) green development. China's highway industry is also actively responding to the country's proposed“green development”concept, and strive to achieve the coordinated development of highway construction and ecological environment protection. For example, the use of ecological conservation design concepts to minimize damage to the natural environment; the use of energy-saving and environmentally friendly materials and processes to minimize resource consumption and environmental pollution; the use of ecological restoration measures to restore and improve the affected ecosystem.

In summary, the market status of my country's high-speed fair industry has shown certain development results and potential problems, while the development opportunities of the highway industry are reflected in policy support, technological innovation, and green development. Shangpu Consulting suggests that the highway industry should seize these opportunities, strengthen planning and guidance, optimize network layout, improve service levels, innovate operation models, and achieve high-quality development.